01 August 2017, Sweetcrude, Lagos — General Manager, West Assets, Seplat Petroleum Development Company, Chima Njoku, has said that small and independent oil & gas companies should form a merger to achieve operational excellence.
He told Sweetcrude Reports during a chat on Tuesday.
According to him, for small and independent companies to cut costs, maximize services and stay afloat, there is need to merge.
He said even the small companies are stakeholders in the oil & gas industry and their interests be balanced and protected for the progress of the sector.
“There is a lot to be done by the independent indigenous oil & gas companies to achieve the best in their operations and stay afloat especially at this critical time in the sector. Now, costs of production are rising higher and the small companies are struggling to stay alive. I think the solution is to form a merger in order to cut costs,” he said.